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he joined mark zuckerberg and all the other young tech tycoons who suddenly became members of that ten-digit club. but zynga's falling share price has chopped more than $1 billion from his fortune. he's now worth less than $250 million. his paper wealth in zynga has fallen by more than 80%. he's lost, get this, more than $4 million a day or close to $200,000 an hour for the past seven months. now, we shouldn't feel bad for him. he sold $200 million worth of stock back in april before that big fall. he bought a $16 million mansion in san francisco. he's got a multimillion dollar home in aspen. plus, he's got a lot of other wealth from facebook and other investments. but mark is now proof that sudden wealth can quickly become sudden wealth loss in social media. of course, the new .com guys learned something new, to take that wealth off the table before it goes up in smoke. back to you, michelle. >> yeah, exactly. thanks, robert. >>> we have about 20 minutes before the closing bell. the dow jones industrial average has now gone negative on the session. nasdaq's been there for about an hour. >>
he joined mark zuckerberg and all the other young tech tycoons who suddenly became members of that ten-digit club. but zynga's falling share price has chopped more than $1 billion from his fortune. he's now worth less than $250 million. his paper wealth in zynga has fallen by more than 80%. he's lost, get this, more than $4 million a day or close to $200,000 an hour for the past seven months. now, we shouldn't feel bad for him. he sold $200 million worth of stock back in april before that big...
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. >>> facebook's founder and ceo mark zuckerberg will make his first u.s. tv appearance today since taking the company public. zuckerberg sat down for an interview last week with matt lauer that will air today. they discuss zuckerberg's daily routine, his recent wedding and facebook's struggling stock. you can catch the exclusive interview with mark zuckerberg later on "today." >>> a british team is closer to building a car they hope will break the sound barrier and smash the land speed record. the team tested a rocket engine yesterday that they hope will help push the car to a thousand miles per our. the rocket will be used along with a fighter jet engine to create the same amount of horsepower as 95 formula one cars. they hope to run the car in 2014 in south africa and break the previous land speed record of 763 miles per hour. that is fast. >>> there's a prince william county woman sharing her close encounter with the largest fish in the world. sheryl mcwilliams is a firefighter and dive instructor. she was exploring a ship wreck when the whale shark cam
. >>> facebook's founder and ceo mark zuckerberg will make his first u.s. tv appearance today since taking the company public. zuckerberg sat down for an interview last week with matt lauer that will air today. they discuss zuckerberg's daily routine, his recent wedding and facebook's struggling stock. you can catch the exclusive interview with mark zuckerberg later on "today." >>> a british team is closer to building a car they hope will break the sound barrier and...
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Oct 4, 2012
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"today's" host matt lauer had a chance to interview mark zuckerberg. here's a look at the interview. >> they say this is not only the visionary and the technical guy, this is the ceo. i was reading the article. they said this is like the guy who's learning as he goes. it's like you're learning how to fly and they're in the cockpit. how do you feel about that? >> i take the responsibility extremely seriously. and our responsibility as a company is just to do the best that we can and build the best product for people. and if we build the best products, then i think that we can leading in the space for a long time. that's what we need to stay focused on. >> will it happen naturally. you built the product. can the company make money? i'm not a tech guy and i'm not a business guy but the question i hear over and over again, if a company has a billion customers, how can they not be killing it if they're making money. >> i guess we ooh killing it, we are making billions of dollars. we're a public company now, so i can talk about it. the future is going to be
"today's" host matt lauer had a chance to interview mark zuckerberg. here's a look at the interview. >> they say this is not only the visionary and the technical guy, this is the ceo. i was reading the article. they said this is like the guy who's learning as he goes. it's like you're learning how to fly and they're in the cockpit. how do you feel about that? >> i take the responsibility extremely seriously. and our responsibility as a company is just to do the best that...
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is this ceo mark zuckerberg's redemption after that rough ipo in may? shares of the social network off its highs for the day, but it is also fallen 40% since it went public. >>> here's a look at how some of the other social media stocks are trading right now. accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. we know you.ther reason more investors are saying... we know you have to rise early... and work late, with not enough sleep in between. how yo
is this ceo mark zuckerberg's redemption after that rough ipo in may? shares of the social network off its highs for the day, but it is also fallen 40% since it went public. >>> here's a look at how some of the other social media stocks are trading right now. accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of...
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can either mark zuckerberg or sheryl sandberg turn the company's sagging stock around? >>> and peering over the cliff. at least one organization is proposing a less painful alternative to falling off the fiscal cliff. find out who they are and what they plan to do, straight ahead on "the closing bell." tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like
can either mark zuckerberg or sheryl sandberg turn the company's sagging stock around? >>> and peering over the cliff. at least one organization is proposing a less painful alternative to falling off the fiscal cliff. find out who they are and what they plan to do, straight ahead on "the closing bell." tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account...
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but could simon cowelll ow be looking for the ext mark zuckerberg?g for the the reality t-v star ii hhping to find thh next hot teeh entrepreneur... meaning that &pin reality tv too. this morninggrene marsh is live in washington with more. &pgooddmorniig, rene. p) any word yet on how this show would wwrk or the format of the show coming p... arnold schwarzenegger opens up about his life... in a new book hitting shelves today. what heereveals... about his gangnam nats f affairs. nats but nnxt... gge ready to ear more songs likk this... whhn south korean superstar "psy"... is coming out with a new single. you're &pwatching fox 45 morning news. all local.. all morning. 3&((break 7)) aú aú3 there's good and bad news about two of theehottest singers in the mmsic industry. and it's a big day for arnold schwarzenegger.candace is here to explain it all. candace-let's start withhthe fabulous news..'m talking about the singgr psy.... and you've ppobably heaad about his hit "gangnnm style". sexy adies... &pthat's tte song.... along wit the moves..it's racked
but could simon cowelll ow be looking for the ext mark zuckerberg?g for the the reality t-v star ii hhping to find thh next hot teeh entrepreneur... meaning that &pin reality tv too. this morninggrene marsh is live in washington with more. &pgooddmorniig, rene. p) any word yet on how this show would wwrk or the format of the show coming p... arnold schwarzenegger opens up about his life... in a new book hitting shelves today. what heereveals... about his gangnam nats f affairs. nats but...
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c-e-o, mark zuckerberg says it's humbling.. and it's by far the phing he's most proud of in his life.the milestone is alsoo hit it so quickly...right k now... nn in seven people around he world.. use acebook. you can purchase a lot of things at hunt valley towne centre... bbt never beffre could you buy...a owel. vowel.noo, for he first time everr.. the "wheel mobile" is pualify contestants for thh wheel of fortune! joel d. &psmith is live there this morning to see howwthe wheel the next big winner. e ggod morning joel d. d. 3 you could earn a spot on one of america's favvrite game shows.as you know fox45 is the new hooe of jeopardy and wheel of fortune. and the wheelmobile ii coming to baltimore.try out for "wheel of fortune" this sattrday and sunday at hunt vvlley town center.. center..and... be sure to watch jeopardy weeknights on ox45 at seven.wheel offts on at 7-thirty.. a former vicc president weighs performancc at the first presiddtial debate. debate.the odd reassn why, al pore believes the president wasn't on his a-game.
c-e-o, mark zuckerberg says it's humbling.. and it's by far the phing he's most proud of in his life.the milestone is alsoo hit it so quickly...right k now... nn in seven people around he world.. use acebook. you can purchase a lot of things at hunt valley towne centre... bbt never beffre could you buy...a owel. vowel.noo, for he first time everr.. the "wheel mobile" is pualify contestants for thh wheel of fortune! joel d. &psmith is live there this morning to see howwthe wheel...
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. >>> facebook foundser mark zuckerberg -- founder mike muc -- founder mark zuckerberg was in moscow. they had a chat, said to have been about a collaboration involving facebook. russia is where facebook is not the top social network, although two of facebook's largest investors are russia billionaires. >>> honda is recalling cars. it effects 600,000 honda accords with v6 engines. the power steering hoses can crack and cause a fire. they have a report of one fire but no injuries. >>> still angry, a rave over the weekend that rattled neighborhoods miles away and what happened to one police department's 911 system. >> and to scan or not, the decision on whether the tsa can continue using the full body scanners at airports. . >>> the fall out continues over a late night raid that oakland colosseum. they issued an apology for the event on saturday. there were three bands playing till 2:00 a.m. for 19,000 people. police say they received hops of complaints -- hundreds of complaints about the noise. police say the calls overwhelmed the 911 system. she wants to make sure this never happens a
. >>> facebook foundser mark zuckerberg -- founder mike muc -- founder mark zuckerberg was in moscow. they had a chat, said to have been about a collaboration involving facebook. russia is where facebook is not the top social network, although two of facebook's largest investors are russia billionaires. >>> honda is recalling cars. it effects 600,000 honda accords with v6 engines. the power steering hoses can crack and cause a fire. they have a report of one fire but no...
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mark zuckerberg is attempting to make new inroads for facebook in russia. the facebook founder met with russia's prime minister, dmitry medvedev, to talk about expanding the social media network's presence there. russia is one of few countries where facebook isn't a major player. reportedly, russia is the largest internet market in europe. in case you are wondering, zuckerberg lost his hoodie and wore a formal suit to the meeting. kraft has officially split into two. kraft and its snack food spinoff, modelez international, filed to trade as two separate public companies on tuesday. the north american grocery business will continue to carry the name kraft and include velveeta and miracle whip. tickers will change to "krft" from "kft." mondelez, which includes oreo and cadbury, will trade under mdlz. according to analysts, the split is more evidence that the ipo market is getting stronger. retailers are prepping for happy holidays. the national retail federation is expecting a bump in holiday shopping. the group predicts americans will spend 4.1%, not quite a
mark zuckerberg is attempting to make new inroads for facebook in russia. the facebook founder met with russia's prime minister, dmitry medvedev, to talk about expanding the social media network's presence there. russia is one of few countries where facebook isn't a major player. reportedly, russia is the largest internet market in europe. in case you are wondering, zuckerberg lost his hoodie and wore a formal suit to the meeting. kraft has officially split into two. kraft and its snack food...
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. >> one of the biggest names in social media is in moscow, mark zuckerberg met with russia's prime minister to discuss innovation in that country. and there is a one of the few countries where facebook is not the top social network. >> just north of the golden gate bridge cruise placing a naval cannon in the headlands. >> it was in use on the battleship missouri during world war ii. sky 7 was at the scene as workers loaded the cannon this morning. and this will be on displays in the hills. >> and still ahead latest problem with iphone 5 and how it could lead to bigger bills and what apple is going to do about it. >> dairy farmers have a warning, why we can be paying more for milk. >> michael finney taking questions on twitter and facebook. and there is where you can contact michael at facebook.com. as well as on twitter. >> taking a look at our first commute of october... san francisco skyway looking nice for drivers on the right side of the screen there making their way south. and folks trying to get across the bay bridge to the east bay it's very slow going. >>> a defect in nearly 600,000
. >> one of the biggest names in social media is in moscow, mark zuckerberg met with russia's prime minister to discuss innovation in that country. and there is a one of the few countries where facebook is not the top social network. >> just north of the golden gate bridge cruise placing a naval cannon in the headlands. >> it was in use on the battleship missouri during world war ii. sky 7 was at the scene as workers loaded the cannon this morning. and this will be on displays...
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tomorrow on "today" matt will have an exclusive interview with facebook founder mark zuckerberg. this is his first since he took the company public. they discussed fak's future, the morale of the staff and that other big silicon valley company. >> last weekend apple sold about 5 million of their new iphone 5s. did you buy one? >> tim sent one to me. it's a wonderful device. >> you got a freebie. didn't have to pay anything, huh? so are you now an iphone 5 user? is that the phone you've got in your pocket or back in your desk? >> i think i handed my phone to someone else. >> much more of matt's exclusive and rare interview with mark zuckerberg, founder of facebook later on "today." >> we want to begin this half hour with a second chance for a baseball player, a baseball player injured in his one and only at-bat in the major leagues. we'll talk to adam greenberg exclusively but first nbc kerry sanders is at marlins park in miami. hey, kerry, good morning. >> reporter: good morning. what a story. 31-year-old adam greenberg here at home plate in marlins park. it took more than seven
tomorrow on "today" matt will have an exclusive interview with facebook founder mark zuckerberg. this is his first since he took the company public. they discussed fak's future, the morale of the staff and that other big silicon valley company. >> last weekend apple sold about 5 million of their new iphone 5s. did you buy one? >> tim sent one to me. it's a wonderful device. >> you got a freebie. didn't have to pay anything, huh? so are you now an iphone 5 user? is...
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mark zuckerberg met with dmitry medvedev earlier today. he urged the founder to open a new office in his country. in a rare move, zuckerberg even left behind a hoodie and wore a suit and tie to meet with medvedev. >> let's just leave it at that. >> yeah. >> pop here for goldman sachs. up 2%, j.j.? >> we all saw that article on goldman sachs, very positive, stock following suit today and may be upside. >> drop for sprint. >> raymond james downgrade, i think this is probably a good opportunity to get back in the name on the long side. >> big pop, cbr energy up 9%. >> big pop, this icon is very happy. we had a conversation with him way back when we said we didn't think he'd be able to find a buyer. what he did do, he does very well. he's going to make a lot of money on this deal. going to have a spinoff, mlp raising 300 million, refining sector on fire stay with it. >> pop here for delta airlines up 3%. >> yeah, actually, joe mentioned earlier that oil is down 6% for the year and the airlines are the ones that are the beneficiary. they've bee
mark zuckerberg met with dmitry medvedev earlier today. he urged the founder to open a new office in his country. in a rare move, zuckerberg even left behind a hoodie and wore a suit and tie to meet with medvedev. >> let's just leave it at that. >> yeah. >> pop here for goldman sachs. up 2%, j.j.? >> we all saw that article on goldman sachs, very positive, stock following suit today and may be upside. >> drop for sprint. >> raymond james downgrade, i think...
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zuckerberg spoke at that tech crunch conference. qualcomm, ubs writing that the near concerns related to the shipments could hit a soft patch in the next quarter. >>> today's power player is the chief investment strategist with oppenheimer funds with $82 billion under management. please welcome art steinmets to "power lunch". how do you feel about the market overall. bob laid out some interesting trends and we're going into a new quarter. overall are you bullish on the market? >> reasonable comfortable with the market. the story, the bad news is understood. we've got sovereign debt crisis. we've got fiscal cliff. we've got china growth slowdown. those have been with us for years now it seems. those are the known unknowns. but what we have now is you've got the fed pumping up liquidity like crazy. you've got the boj pumping up liquidity like crazy and the ecb doing the same. don't fight the fed or the ecb or the boj. so that undergirds everything that's going on right now. >> yet if you look at where we were on the s & p right after
zuckerberg spoke at that tech crunch conference. qualcomm, ubs writing that the near concerns related to the shipments could hit a soft patch in the next quarter. >>> today's power player is the chief investment strategist with oppenheimer funds with $82 billion under management. please welcome art steinmets to "power lunch". how do you feel about the market overall. bob laid out some interesting trends and we're going into a new quarter. overall are you bullish on the...
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. >> mark zuckerberg talked about the potential in search. what is your plan for search? >> as mark said i think people are surprised how much search is done on facebook, you know, every day there's enormous percentage of search. there's also a promise in the market that search could become more social that we don't think this has been met. when you're looking for information the question is who do you want it from, the wisdom of crowds or the wisdom of friends? our answer to the information that's most relevant for users is really about friends, that if i'm looking for a restaurant to go to in new york this week, i'd rather get a recommendation from a friend. that's really what we're working on. >> could a facebook social search compete with goingle? >> not going to comment on future product launches. we are working at making our products as usable and accessible for everyone in the world. >> facebook is increasingly moving into google's territory and not just with search. facebook is testing an ad network to deliver its ads to other websites just like google does. comin
. >> mark zuckerberg talked about the potential in search. what is your plan for search? >> as mark said i think people are surprised how much search is done on facebook, you know, every day there's enormous percentage of search. there's also a promise in the market that search could become more social that we don't think this has been met. when you're looking for information the question is who do you want it from, the wisdom of crowds or the wisdom of friends? our answer to the...
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. ♪ >>> i want to take you live to where mark zuckerberg is being interviewed live. yesterday prime minister medvedev trying to put more facebook infrastructure in that country. let's take a quick listen. >> it is frozen. >> i'm taking state against petersburg this weekend. >> zuckerberg looks dressed up compared to his interviewer. >> he did wear a suit and tie when he met medvedev. facebook and russia, 9 million users with a domestic copy of facebook called the vk. they come in second in that country. >> eventually they are -- >> i wish we knew what she was saying. >> i think he said we will bury you. >> tear down this pay wall, that kind of thing. >> yes! and mr. gorbachev teared down the pay wall! >>> when we come back, when it comes to tim cook's leadership, what would steve jobs think of this? but first -- >>> coming up, kramer is kicking it into high gear. his six stocks in 60 seconds will energize all of us. get your jim joke when "squawk on the street" returns. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf marke
. ♪ >>> i want to take you live to where mark zuckerberg is being interviewed live. yesterday prime minister medvedev trying to put more facebook infrastructure in that country. let's take a quick listen. >> it is frozen. >> i'm taking state against petersburg this weekend. >> zuckerberg looks dressed up compared to his interviewer. >> he did wear a suit and tie when he met medvedev. facebook and russia, 9 million users with a domestic copy of facebook called...
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. >>> plus, guess which ceo mark zuckerberg is tagging in his facebook photos? answer straight ahead. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-2550 with schwab etfs. tdd#: 1-800-345-2550 schwab etfs now have the lowest operating expenses tdd#: 1-800-345-2550 in their respective lipper categories.
. >>> plus, guess which ceo mark zuckerberg is tagging in his facebook photos? answer straight ahead. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#:...
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. >> and of course mark zuckerberg wears the same thing every day. what's coming up tonight? >> tipping the bald theme, we have our own powerful bald man on. neel kashkari. >> segue. >> we also have john taylor to talk about the debates. and why it might be time to sell gold. >> see you at 5:00. let's get to what you might have missed earlier on this morning. >>> welcome to hour three of "squawk on the street." here's what's happening so far. >> what frustrates me is we are not doing more to build infrastructure here in the united states. >> it's happening. we don't need the government to do anything. >> this is a terrific opportunity for us to launch a global snacking powerhouse. we've got a fabulous roster of market leaders in their respective categories. we have a very strong geographic footprint. >> i look at things like housing come being bacing back. especially if it is foreign auto companies taking the lion's share, i come back and say don't be confused, the adp has a false tale. >> you have more draw in a shma than i've had in a lifetime of living. >> in the last week
. >> and of course mark zuckerberg wears the same thing every day. what's coming up tonight? >> tipping the bald theme, we have our own powerful bald man on. neel kashkari. >> segue. >> we also have john taylor to talk about the debates. and why it might be time to sell gold. >> see you at 5:00. let's get to what you might have missed earlier on this morning. >>> welcome to hour three of "squawk on the street." here's what's happening so far....